1 July 2015
DUNELM GROUP plc
( the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
In its circular to shareholders dated 12 February 2015 in connection with the Return of Capital, which was approved by shareholders on 2 March 2015, the Board stated that adjustments would be made to options outstanding under Share Option Schemes (as defined in the circular), in order to maintain the holders' economic position following its completion.
The Board has determined that the number of options granted to each individual under the Company's Long Term Incentive Plan should be increased by 6.79%, reflecting the difference between the price of an ordinary share in the Company before and after the record date for participation in the Return of Capital.
Accordingly, the interest of David Stead, Finance Director, in nil cost options under the Company's Long Term Incentive Plan has changed as follows:
Grant date |
Number of options pre adjustment |
Number of options post adjustment |
20 November 2012 |
61,730 |
65,920 |
7 October 2013 |
46,087 |
49,216 |
9 October 2014 |
50,494 |
53,922 |
Total |
158,311 |
169,058 |
Full details of the terms upon which the above options have been granted are set out in the Remuneration Report in the Company's 2014 Annual Report and Accounts, which is available from the Corporate Information section of our website www.dunelm.com. A copy of the circular dated 12 February 2015 referred to above can also be found there.
Mr Stead's beneficial interest of 734,628 ordinary shares in the Company (0.36% of the issued ordinary share capital, excluding treasury shares) is unchanged.
Name of authorised Company official responsible for making this notification:
Dawn Durrant, Company Secretary
0116 2644356
